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Woodbine-Lumsden, Toronto
$949,000
Here's a turn-key investment and/or live-in opportunity; live in one unit and potentially rent out the rest! All the heavy lifting has been done! Three levels, three rented apartments, each featuring its own open concept living area / kitchen and separate bedroom. Upper unit has plate glass windows with beautiful view of backyard, and of the sunsets at the front; main floor unit has convenience of easy access to backyard, an updated kitchen, and hardwood floors; lower level unit is newly reno'd with new kitchen, including live-edge countertop, new appliances, plank flooring. Shared amenities such as laundry room with skylight, bright and leafy backyard space, enclosed front porch. Fabulous tenants are all month-to-month, but would like to stay! Currently rented for $1,600 + $1,735 + $1,735 = $5,070/mo gross. Property zoned as mixed use Residential / Commercial. Well established leafy neighbourhood offers dedicated bike path on Woodbine, Woodbine subway station, shops and cafes of Danforth Village, churches and schools only a quick 10 minute walk away, and quick access to Taylor Creek park and bike trails.
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| Type | Semi-Detached |
| Style | 2-Storey |
| Approx. Age | 100+ |
| Size | 700-1100 sq. ft. |
| Property Tax | $3,424 |
| Lot Size | 16.01 ft x 95.14 ft |
| mls© Number | E13814224 |
| Listed By | REAL ESTATE HOMEWARD |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
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Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $4,857
- Property tax
- $285
- Heat allowance
- $150
- Housing costs
- $5,293 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$163,000
gross annual household income
- Payment at 4%
- $3,994 / mo
- Cash down
- $189,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkValues and trends
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